Akastor ASA: Sale of Skandi Atlantic by DDW Offshore

Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has today completed the sale of "Skandi Atlantic" for a purchase price of USD 22.75 million. The agreement was entered into on Saleform 2012 terms, suitably amended, and the transfer took place today concurrently with charterer's consent, which was a condition precedent for completion under the sales agreement.

USD 8 million of the purchase price will be used to repay a proportional portion of DDW Offshore's debt. Remaining debt with DDW Offshore will be USD 16 million.

For further information, please contact:

Øyvind Paaske Chief Financial Officer Tel: +47 917 59 705 oyvind.paaske@akastor.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

**** About DDW Offshore:

DDW Offshore owns two modern Anchor Handling Tug Supply (AHTS) vessels (Skandi Emerald and Skandi Peregrino) with capability to operate and support clients on a world-wide basis. The vessels are specially designed to perform anchor-handling, towing, and supply services at offshore oil and gas fields.

For further information, please visit homepage: https://www.ddwoffshore.com (https://www.ddwoffshore.com/)

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.